Date: 3rd August, 2026

Financial Performance Summary

Q1 FY27 Financial Highlights (₹ crore):

| Particulars | Q1 FY27 | Q1 FY26 | % Y-o-Y | FY26 |

| Total Revenue | 382 | 352 | 8.3% | 1,632 |

| EBITDA | 90 | 88 | 1.4% | 388 |

| PAT | 61 | 61 | 0% | 258 |

Key Financial Metrics:

  • Revenue growth: 8.3% YoY to ₹382 crore
  • EBITDA: ₹90 crore, up 1.4% YoY
  • EBITDA Margin: 23.5%
  • PAT: ₹61 crore, flat YoY
  • PAT Margin: 15.9%
  • Export Revenue: ₹222 crore, contributing 58% to total revenues

Segment Performance

Industrial Gases Division:

  • Contributed 53% to overall revenue in Q1 FY27
  • Secured major order from space exploration industry for large cryogenic storage tanks
  • Received order for six additional tanks from the same customer
  • Disposable cylinder business witnessed healthy repeat orders from global markets
  • Entered semiconductor infrastructure space with initial orders for transportation tanks for semiconductor manufacturing facilities in Dholera
  • Cryoseal liquid cylinder business gained traction in India with dealer network expansion and enhanced manufacturing automation

LNG Division:

  • Contributed 22% to overall revenue
  • Decline in global LNG prices improved economic viability of LNG as transportation fuel
  • Secured multiple orders for LNG fuelling stations
  • Strengthened leadership in LNG semi-trailer segment
  • Installation activities commenced for large storage tanks at mini-LNG terminal project in The Bahamas
  • Initial success in The Bahamas created opportunities for satellite LNG stations

Cryo Scientific Division (CSD):

  • Contributed 20% to overall revenue
  • Secured prestigious order from CERN for highly specialized cryogenic modules for particle physics research facilities
  • Received important repeat order from ITER, France

Stainless-Steel Keg Business:

  • Continued executing orders from leading global customers
  • Expanded engagement with strategic brewery partners
  • Approved customer base includes Heineken, AB InBev and Molson Coors (representing over 40% of global beer market volumes)
  • Expanded portfolio of specialized non-standard keg variants

Order Book & Inflow

  • Order Inflow: ₹532 crore for Q1 FY27 (highest-ever quarterly order inflow)
  • Total Order Book: ₹1,686 crore
  • Export Order Book: Exceeds ₹1,140 crore

Strategic Developments

  • Entered strategic partnership with WAYOUT, Sweden for manufacturing modular water micro-factories in India
  • Received AS9100D aerospace quality certification, enabling manufacture of aerospace components for onboard flight applications
  • Partnered with ITM SLS Baroda University for establishing dedicated skill development center focused on semiconductor pipeline fabrication and orbital welding

Management Commentary

Deepak Acharya, Chief Executive Officer, stated: \"Q1 FY27 marks another milestone quarter for INOX India, highlighted by our highest-ever quarterly order inflow of approximately ₹532 crore, taking our current order book to a record ₹1,686 crore. Our export order book now exceeds ₹1,140 crore, reflecting the growing global acceptance of our engineering capabilities and providing strong revenue visibility for the coming quarters. The Quarter witnessed stronger presence in high-growth segments through repeat orders from the aerospace industry, our entry into India's semiconductor ecosystem, prestigious orders from CERN and ITER, and continued progress across LNG infrastructure projects. We also received the AS9100D aerospace quality certification, enabling us to expand our participation into onboard aerospace applications, while our partnerships in semiconductor skill development and sustainable water solutions reinforce our focus on building new growth platforms. Backed by a record order book, diversified end markets, expanding global footprint and continued investments in technology and manufacturing capabilities, we remain confident of delivering sustainable long-term growth and creating enduring value for our stakeholders.\"

Business Overview

INOX India Ltd (INOXCVA) is one of the largest manufacturers of Cryogenic Storage, Re-gas and Distribution Systems for LNG, Industrial Gases and Cryo-Scientific applications with operations in India, Brazil & Europe. The Company has an extensive user base spread across more than 100 countries and is serviced by a network of after-sales support associates in more than 30 countries.